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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which statement is FALSE about the Equity Pickup feature?

A) Equity Pickup rules run as part of the consolidation process
B) Equity Pickup rules are run on demand from the Rules card by users with launch permission.
C) Seeded rule sets are provided for Equity Pickup.
D) Equity Pickup requires that Ownership Management with the Equity Pickup feature is enabled.

2. Which statement is true if the Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created?

A) An extra custom dimension is available.
B) The ICP dimension is omitted.
C) The FCCS No Intercompany member of the ICP dimension is used for all data.
D) Data can be stored by the intercompany partner but no eliminations occur.

3. When can the Intercompany Dimension be enabled and n=made visible within your application?

A) after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Account attribute
B) during application creation and selecting the Intercompany Data feature option
C) after application creation by selecting any Entity as IC_Entity_Yes for the Intercompany Entity attribute
D) during application creation and selecting Multi-source Data Input of Other Data

4. For business processes that use the Make Period and Movement Dense feature, which statement is FALSE?

A) The View dimension stores only periodic data.
B) Account is a Sparse dimension.
C) All parent members in the Account dimension must have a Solve Order value of 58.
D) You cannot add member formulas to members of the Movement dimension.

5. Which four items are active components of the Currency dimension? (Choose four.)

A) Translated Currencies
B) Entity Currency
C) Reporting Currencies
D) Input Currencies
E) Entity Currency Adjustments
F) Parent Currency

Solutions: